The world’s largest processor of chicken, beef, and pork Tyson Foods, Inc. and Syntroleum Corporation, a Tulsa-based synthetic fuels technology company, are to form a new venture Dynamic Fuels LLC, which will produce synthetic fuels targeting the renewable diesel, jet, and military fuel markets.

The 50/50 venture intends to construct and operate multiple stand-alone commercial facilities to produce next generation renewable synthetic fuels using Syntroleum’s patented Biofining process using feedstock primarily derived from animal fats, greases, and vegetable oils supplied by Tyson.

The first facility—the construction of which is expected to start in 2008 with production targeted for 2010—will produce about 75 million gallons of synthetic fuel annually.